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I don't necessarily disagree with what you said. This is because I don't know what you're arguing for. Wealth taxes are one solution for what? For the anger pe
by prionassembly 6y ago
I don't necessarily disagree with what you said. This is because I don't know what you're arguing for.
Wealth taxes are one solution for what? For the anger people feel when they realize billionaires exist, absolutely. To improve the lot of the very poor, maybe (but an argument needs to be made here).
These discussions assume too much about the end goal of society.
- nightski 6y agoSorry if my point was unclear. I'm arguing that not only does the stock market allow companies to grow too large (stifling innovation and competition), but also allowing large ownership to become too wealthy at the expense of society in general. If a company goes public I think there should be some consequences to that since it allows for this insane growth. Such as a more even diversification of ownership among the general public (aka investors on the public stock market). This spreads the wealth so to speak in a much more straightforward fashion than taxing the rich which leads to all the money flowing into the government.